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/biz/ - Business & Finance

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27840948 No.27840948 [Reply] [Original]

Alright boys. Here is where we gather to discuss a plan to crash the housing market so that we can actually buy a house at some point. It's beyond ridiculous and the market seems fucking invincible, but it's not. We saw that in 2007. Don't give me any boomer "pull yourself up by the bootstraps" or "make more money" treatment. We are in a bubble and that bubble needs popping.

>> No.27841994

No. But we can have a housing market thread.
I currently make 72k, but about 3200/mo after taxes and 401k. It's in a field with a lot of income growth. what's the range of homes I want to get if I'm only going to be in a place for 4-5 years?

>> No.27842130

>>27840948
you dare question the solvency of the Fed?

>> No.27842318

I moved to eastern europe and can afford a nice place for 100k

>> No.27842324

>>27840948
>pooping the housing booble
Hopeless. Your best bet is literally gathering 500 men and moving into bumfuck nowhere and start fresh. I'd unironically do it if I had the charisma and starting funds.

>> No.27842358

>>27841994
Id buy a condo or townhouse. I had a condo then I built my own house 3 years ago. Im glad I did it then because prices have gone up

>> No.27842681

Literally too big to crash

>> No.27842892

Artificially raise interest rates > loans are more expensive > it's harder to buy a house > demand is reduced because they can't afford as much > cheaper houses.

>> No.27843262

>>27842892
It's already hard enough because of the damn prices.

(((They))) always talk about an "inventory" problem because there are apparently not enough houses to go around. That's why housing developments are popping up like anal zits.

>> No.27843358
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27843358

>activate Basel IV

>> No.27843409

do not ever have a mortgage. mortgage etymology=death note. stop living above your means. instead of renting from a bank where when your shit breaks you can't fix it for free dont fall for the trap. buy something 100% down and dont fall for the tricks of the grabbler.

>> No.27843442

>>27843262
Prices are high because debt is cheap. If you make people put, say, 40% of the value of the home as a downpayment instead of the usual 20%, then significantly fewer people will buy homes. Supply is effectively the same, but lower demand will drive the price down.

>> No.27843584

>>27842681
>He says when more than 30% of people with mortgages owe more than $5000 in back payments.

>> No.27843614

housing market can not last this way. dont risk putting a 20 percent down to live above your means you greedy fucks because when it crashes your downpayment is erased.

>> No.27843808
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27843808

>>27842324
They won't let you

>> No.27844102

>>27843442
If the fed raise interest rates then millions will default on their mortgages causing an epic crisis, their hands are tied.
Americans are stuck with low interest rates, like the rest of the western world.

>> No.27844151

>>27843808
I'd argue this would have all been avoided if Koresh simply started a company and had a corporate lawyer.

>> No.27844208
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27844208

Let's fucking go CLF

>> No.27845067

>>27840948
the government will never allow another housing crash, ever. They will go to the ends of the earth to ensure it never happens. They will completely destroy all other aspects of the economy and people's lives, so long as doing so ensures that property values only go up.

Also, even if it DOES crash, normal people won't ever be able to take advantage. Housing crash means banks stop giving out mortgages. Only a small fraction of people will even qualify anymore, and even then they'll still have much higher mortgage rates that basically cancel out any benefit from the lower principal. So basically, unless you are already wealthy enough to outright buy a house in cash money, you're still fucked.

>> No.27845075

>>27844102
Eh, I think it'd be an exaggeration to say that rising from 0% to 2% would cause millions to default. Most mortgages are fixed-rate, not adjustable, so if you're locked into a rate it would stay that way until the end of the term. It might make it harder for new mortgages, or for refinancing since you'd be forced into a higher rate, but not for most existing mortgages. Even then, I'd argue that the short-term pain of rising rates is better for the long-term health of the economy than staying at 0% for an extended period.

>> No.27845432

>>27842358
One of the potential things I was interested in was using it for rentals once I'm gone. I'm not much for selling property, since I want my children to inherit it as well.

>> No.27846333

>>27840948
>"I'm jacked to the TITS!"

>> No.27846686

>>27844151
This.
There are countless small towns all over the U.S. and the FBI doesn't raid them. If you don't start a cult and accumulate a massive amount of weapons and ammo you'll be fine.

>> No.27847196

>>27846686
>if you dont think for yourself or exercise your second amendment they wont hurt you
yeah good to know, fucking nigger

>> No.27848530

>>27840948
Get investors and lanlords out of the housing market. You can do this by creating a very high tax on homes but granting an exemption if you actually live in the house. Owner-occupier exemption.

>> No.27849202

>>27844208
Ahhhhh make it stop